DEPUTY COMMISSIONER OF INCOME TAX, VISAKHAPATNAM vs. M/S. VISAKHAPATNAM PORT AUTHORITY, VISAKHAPATNAM

ITA 125/VIZ/2023Status: DisposedITAT Visakhapatnam25 March 2024AY 2018-19Bench: SHRI DUVVURU RL REDDY, HON’BLE (Judicial Member), SHRI S BALAKRISHNAN, HON’BLE (Accountant Member)49 pages
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What did the Tribunal hold?

The Tribunal held that the issues were identical to those previously adjudicated in the assessee's own case. Based on the prior decision, the Tribunal allowed the assessee's appeal in part and dismissed the Revenue's appeal.

What were the facts?

The Visakhapatnam Port Authority filed appeals against additions made by the Assessing Officer concerning lease rentals, depreciation, and prior period expenses. The Revenue also filed appeals against the CIT(A)'s relief on these issues.

What were the issues?

Whether advance lease rentals are taxable in the current year and the allowability of depreciation and prior period expenses.

Which sections of the Income-tax Act were involved?

Section 143(3),Section 10(20),Section 11,Section 12AA,Section 14A

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Cases cited in this judgment(11)Show list

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Heard together (3 matters)

I.T.A. No.191/Viz/2023
I.T.A. No.193/Viz/2023
I.T.A. No.200/Viz/2023

Read from the judgment's own cause title. This page is filed under one of them.

आयकरअपीलीयअधिकरण, विशाखापटणमपीठ, विशाखापटणम IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM श्री दुव्िूरु आर एल रेड्डी, न्याययक सदस्य एिं श्री एस बालाकृष्णन, लेखा सदस्य के समक्ष BEFORE SHRI DUVVURU RL REDDY, HON’BLE JUDICIAL MEMBER & SHRI S BALAKRISHNAN, HON’BLE ACCOUNTANT MEMBER आयकरअपीलसं./ I.T.A. No.191/Viz/2023 (निर्धारणवर्ा/ Assessment Year :2009-10)

Circle-1(1), Andhra Pradesh-530001. Visakhapatnam. PAN: AAALV 0035 C (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./ I.T.A. No.193/Viz/2023 (निर्धारणवर्ा/ Assessment Year : 2013-14)

Circle-1(1), Andhra Pradesh-530001. Visakhapatnam. PAN: AAALV 0035 C (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./ I.T.A. No.200/Viz/2023 (निर्धारणवर्ा/ Assessment Year : 2013-14)

Tax, Circle-1, Range-1, Administrative Office Building, Visakhapatnam.

Port Area, Visakhapatnam, And

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